The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
Intellectual PropertyArchiv
Lowtax.net News: BVI Supporting Firms To Comply With Economic Substance Code
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
Lowtax.net News: Bermuda Seeks Greater Say In Int’l Tax Policy Talks
The Bermuda Government has set out its plans to more actively engage in discussions on tax policy internationally, including newly establishing offices in Brussels and Washington DC.
Lowtax.net News: Crown Dependencies To Ensure Firms Have Economic Substance
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient „substance“ in the islands
Lowtax.net News: DIFC Legislates For EU’s New GDPR Data Protection Standards
The Dubai International Financial Centre, the low-tax financial center in the United Arab Emirates, has upgraded its data protection regime to bring it into line with new requirements being introduced by the European Union.
Lowtax.net News: Barbados Looks To Bolster Intellectual Property Regime
Barbados’s Government has laid out plans to better safeguard the intellectual property rights of the island’s micro, small and medium-sized enterprises.
Lowtax.net News: IoM Consults On EU Data Protection Law Changes
The Isle of Man Government has issued a consultation document providing further detail on the alignment of the island’s data protection law with the European Union’s General Data Protection Regulation, which comes into force on May 25, 2018.
Lowtax.net News: ADGM Strengthens Data Protection Regime
Abu Dhabi Global Market, the low-tax financial center, has announced enhancements to its data protection regulations and the launch of an annual data protection forum.
Lowtax.net News: Shanghai Seeks To Encourage Foreign Tech Start-ups
The Shanghai Pilot Free Trade Zone is to offer tech entrepreneurs more expanded rights and privileges to encourage foreign investment and innovation.
Lowtax.net News: Gibraltar Blockchain Businesses Must Now Be Licensed
Gibraltar’s financial services regulator, the Gibraltar Financial Services Commission, has announced its distributed ledger technology regulatory framework is now in force, with effect from January 1, 2018.